Humana

May 25, 2019

Investors reacted poorly Wednesday morning to earnings reports from Louisville-based Humana and Yum Brands, with Humana shares falling more than $13, or more than 5%, in early trading — though they quickly recovered almost all of the decline. And an earnings report by Louisville-based...

Federal legislation has provided a huge windfall for some of Louisville’s largest employers, with Humana alone paying about $1.2 billion less in federal income taxes last year than in 2017. However, a closer look at filings with the Securities and Exchange Commission reveals a...

In another terrible week for health care stocks, Humana’s shares have fallen another 5% — though they finally showed some signs of life on Thursday. In the week’s first three trading days, Humana shares fell more than 8%, closing Wednesday at $232.89, down more...

Humana shares are down more than $100 since early November, a decline of about 28 percent, cutting the Louisville-based company’s value by nearly $14 billion. Humana shares are sliding as investors appear to be fleeing the health care sector on worries about attacks on...

Humana CEO Bruce Broussard said he views Medicare-for-All as a potentially enormous opportunity for the health insurance industry and patients. But he warned that how such a system would work — and who would pay for it — are big questions that have yet...

The drastic cuts Passport Health Plan implemented a week ago have reduced its shortfall by about 42 percent, but it is still hemorrhaging about $1.25 million a week. CEO Mark Carter said that while slashing expenditures delayed the insolvency of Passport, it cannot survive...

Six Humana executives this month have sold or planned to sell nearly 74,000 shares with a combined value exceeding $22.7 million. According to filings with the Securities and Exchange Commission, the executives who planned to sell shares or had already done so include CEO Bruce...

Changes to Kentucky’s Medicaid program, including the implementation of a work and community engagement requirement, redistribution of money and a proposal to reduce the number of managed care organizations will backfire, said Dr. Andrey Ostrovsky, the chief medical officer for U.S. Center for Medicaid...

Passport Health Plan’s fiscal troubles, which may push the nonprofit into insolvency as soon as this summer, began even before the state changed the distribution of its Medicaid dollars last summer. In the last three years, Passport paid the publicly traded Evolent Health some...